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ATOM/USDT Briefly Plunges to 0.001 USDT on Binance Due to Lack of Market Makers

Binance clarifies that the $0.01 'flash crash' in ATOM’s spot price was a frontend issue, with no effect on contract prices or forced liquidations.

USDT
ATOM

Summary

Binance clarified that the brief flash crash in ATOM’s spot price to $0.01 on October 11, 2025, was a frontend display issue, not affecting contract mark prices or forced liquidations. The issue was caused by the absence of market makers and will be corrected in future updates, with no separate announcements needed. APIs and trade records remain unaffected.

Terms & Concepts
  • Market Makers: Entities or individuals that provide liquidity by continuously quoting buy and sell prices in a market.
  • Mark Price: A calculated price used in futures trading to prevent unnecessary liquidations, often based on a moving average of recent prices.
  • Spot Market: A public financial market where financial instruments or commodities are traded for immediate delivery.